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“The future success of edtech ss dependent on politicians”

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The conversation about the future of educational technology in Nigeria is back on the front burner thanks to growing activity in this space. However, according to Toyosi Akerele-Ogunsiji, Founder of Rise Labs and CEO of Passnownow, the future of edtech is dependent on politicians. She was speaking at the TechCabal Townhall on Education and The Future of Work.

“EdTech is only going to prosper to the extent that the entire Nigerian system begins to rethink the process of investing in education,” she said while on the panel of “the State of EdTech”.

“Ghana gives 20% of its national budget to education. Kenya gives 27% of its national budget to education. Nigeria gives 6%”, she told the audience.

She believes that as the government considers education a low priority, it affects how the domestic educational system functions.

To be clear, the country has made some educationally such as increasing adult literacy from 51.1% in 2008 to 62% in 2018. But the country’s educational system is fairly lacking development. Many schools still use pedagogy that is old and out of touch with the modern business environment.

“I feel like the Nigerian education system teaches people to memorise rather than teaching or training them to perform,” Toyosi shared.

“The Nigerian educational system teaches you to read and regurgitate rather than to apply themselves to problem-solving and critical thinking,” she emphasized.

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“So when you ask me the future of Nigeria education is, I think it dependents on… the most critical stakeholders which are the government.
“So when you ask me the future of Nigeria education is, I think it dependents on… the most critical stakeholders which are the government.

“So when you ask me the future of Nigeria education is, I think it dependents on… the most critical stakeholders which are the government.”

She stressed that edtech is not as attractive as other sectors. This makes it hard for players in this sector to secure funding or support from important partners. In comparison, startups in the fintech and the mobility sectors have secured millions of dollars over the last few years. This year alone, PalmPay, Interswitch and OPay have secured funding worth nearly $400 million.

Meanwhile, many edtech startups struggle to secure funding above $1 million. Beyond companies like Andela, which has since reduced its training programme, the typical edtech startup secures its funding from grants and pitch competitions rather than outright venture funding. uLesson, a startup created by serial entrepreneur, Sim Shagaya, is the exception; it recently raised $3.1 million.

This lack of excitement affects the outlook of the edtech industry. But Toyosi restates that with more government interest, the industry could receive a boost.

“When you are having a conversation like this,” she said, “and the Commissioner of Education does not think that he is too big to be sitting here and be taking notes, learning about what the government should be doing as policies; then we begin to have a conversation.”

The post “The future success of edtech ss dependent on politicians” appeared first on TechCabal.

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Federal High Court, National Industrial Court get new Chief Judge, President

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The Chief Justice of Nigeria, Justice Tanko Muhammad, on Friday swore in Justice John Tsoho as the Chief Judge of the Federal High Court of Nigeria.

He also swore in Honourable Justice Benedict Bakwaph Kanyip, as President of the National Industrial Court.

The ceremony took place at the Ceremonial Court of the Supreme Court in Abuja.

The Benue State Governor, Samuel Ortom was in attendance at the event.

After they took their oath of office, the CJN asked Chief Judge and President of the National Industrial Court not to allow anybody disturb their principles as they justifies the oath of office they took

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Muhammad said, “The Law is not respecter of anybody; deal with the situation as they are presented before you. Don’t have personal interest in any case before you,” the CJN cautioned.

Justice Tsoho was born on June 24, 1959 in Mbaduku in Benue State.

He obtained his law degree from the University of Lagos in 1984 and was called to Bar in 1985.

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Enugu IGR boost, fallout out from Ugwuanyi’s measures – ESIRS

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The Enugu State Internal Revenue Service (ESIRS) has attributed the sustainable increase in the state’s Internally Generated Revenues (IGR) to the well-thought-out measures adopted by Governor Ifeanyi Ugwuanyi’s administration.

Speaking during the taxpayers’ sensitization and enlightenment programme, organized by the Enugu State Internal Revenue Service (ESIRS), in conjunction with the Chartered Institute of Taxation of Nigeria (CITN), held at Enugu, the Chairman of ESIRS, Prince Emeka Odo, disclosed that the state government “has been implementing a cocktail of measures designed to make tax payment easier for tax payers in the state”.

The chairman stated that the event, which also witnessed the investiture of the State Accountant-General, Sir. Paschal Okolie, as Chairman, Enugu and District Society, Chartered Institute of Taxation of Nigeria, was to deepen the relationship between the tax authority and tax payers.

Odo noted that Ugwuanyi’s administration has been implementing “an ambitious four-point development agenda” aimed at positively impacting the lives of the people and stressed that such feat requires that government harnesses all the potential sources of internally generated revenues in the state without additional pressure on the people.

The chairman added that it was in the light of the above that the agency in conjunction with other related agencies of government embarked on the programme for effective result.

He disclosed that the revenue generation measures adopted by the state government include, early adoption of Treasury Single Account (TSA) platform for accounting system, direct bank lodgment system, restructuring and strengthening of the revenue agency, automation of all revenue generating MDAs, vigorous tax payers’ enlightenment programmes in the media and streamlining of overlapping laws to address the issue of multiple taxation.

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Odo who revealed that voluntary tax compliance in the state has been on the increase as a result of the state government adopted measures, added that “it has also reflected positively on the IGR figures of the state which has risen progressively from about N14 billion in 2016 to N22 billion last year”. He said that “the figure for this year is expected to be much higher than that of last year”.

On her part, the Commissioner for Finance, Mrs. Adaonah Kene-Uyanwune, pointed out that tax matters are collective responsibility aimed at generating more revenues to the state for rapid development and socio-economic growth.

Maintaining that tax administrators, practitioners and payers are major players in taxation, the finance commissioner stressed that without taxation government will not meet up with its obligations to the public.

Mrs. Uyanwune stated that the era of focusing attention on oil as major source of government revenue is over, enjoining the public to always pay their tax for them to continue enjoying meaningful developments.

She, therefore, applauded Gov. Ugwuanyi for his untiring efforts in repositioning the state Internal Revenue Service as well as the revenue agency for achieving an enviable landmark in revenue generation for the state.

In his acceptance speech, the newly inaugurated Chairman of Enugu and District Society, CITN, Sir. Okolie, appreciated members of the body for finding him worthy to serve and promised to discharge his duties diligently and with the fear of God.

  1. “I would like to thank the entire members of Enugu and District Society for unanimously choosing me to superintend over the affairs of the district at this time, without rancour”, he said.

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Mechanic bags 12 months jail term for fraud

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An Ejigbo Magistrate Court in Lagos State has sentenced one Olayemi Olowo, a mechanic to 12 months imprisonment for defrauding his customer to the tune of N150,000.

The complaint, Noah Okeke, is said to be Olowo’s regular customer who usually got his vehicles repaired at his workshop at Peter Agha Street, Ejigbo.

The prosecutor, Kenneth Asibor, explained that sometimes in August 2019, Noah asked Olowo, being a mechanic, to help him get a mini bus popularly called korope.

He explained: “They both went round on market survey to get the price and Olowo being a mechanic, was thought to know the best vehicle. The two of them, after the survey, concluded that they could get the bus at the rate of N150,000, which was given to him (Olowo) at the Jari Filling Station, Oke-Afa Ejigbo, Lagos to get the bus.

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“After collecting the money, the defendant disappeared with the money and was nowhere to be found.

“The complaint then reported the matter to the police who later arrested Olowo and charged him to court after he had confessed to the offence.”

At the court sitting, the defendant pleaded guilty of the offence.

The presiding magistrate, Mr. Teslim Shomade, therefore sentenced him to 12 months imprisonment with hard labour with the alternative of N100,000 fine.

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